Qliktech
Encyclopedia
QlikTech is a business intelligence
(BI) software company based in Radnor
, Pennsylvania
. QlikTech is the provider of QlikView, a business intelligence solution that delivers enterprise-class analytics and search. Its in-memory associative search technology makes calculations in real-time, enabling business professionals to gain insight through intuitive data exploration. QlikView can be deployed on premise, in the cloud
, or on a laptop or mobile device for a single user to a large global enterprise.
in 1993. The company was founded by Björn Berg and Staffan Gestrelius to create software that mimics the way the brain works, ensuring an intuitive user experience. Their PC-based desktop tool was called QuikView. “Quik” stood for “Quality, Understanding, Interaction, Knowledge.”
QuikView accessed information from standard database applications and displayed data associatively. Berg developed a color-coding system using highlighting: selected values are highlighted green, linked values are highlighted in white, and excluded values are highlighted in grey. Lead software engineer Håkan Wolgé and Berg believed that this software could run entirely in memory. In 1996, the application was named QlikView to emphasize its ability to provide detailed data analysis with a single click. Jonas Nachmanson, QlikTech’s CTO who served as its technology and R&D lead in the early days, played a significant role in mapping customer and prospect requirements to the application and ensuring it integrated into their systems. By 1999, QlikView was successfully deployed at various companies, among them Tetra Pak
and AstraZeneca
.
Måns Hultman became CEO in 2000 and Lars Bjork became CFO. The company focused on the area of Business Intelligence (BI), growing from 35 employees in 1999 to 70 in 2003. At that point, QlikTech needed more capital and a broader vision to continue its growth. To that end, QlikTech selected a syndicate consisting of venture capital firms Accel Partners
and Jerusalem Venture Partners
, and raised $12.5 million in capital. Bruce Golden of Accel Partners, Erel Margalit of JVP, Alex Ott of Cross Continental Ventures and Paul Wahl, formerly of SAP
and Siebel
, all remain on the QlikTech Board.
By 2005, the software evolved from a single-user desktop tool to a server- and Java-based Web tool. Its calculation engine was now able to handle larger data sets. QlikTech went on to establish partnerships with Intel and HP, and incorporated advanced charts and colors in their UI. All of these factors contributed to QlikTech gaining larger customers including global shipping and logistics management leader DB Schenker
, Life Sciences CRM company Dendrite
, telecommunications giant Ericsson, and the Swedish Post.
QlikView’s analytical capacities and speed were bolstered by major advances in its core technologies. QlikView developed to the point where it could handle billions of rows of data. Today, companies such as Best Buy, Campbell’s Soup, Canon, ING, Gen-Probe, National Health service, Panasonic, Qualcomm, and Shell are QlikView customers.
In 2007, Lars Bjork became QlikTech’s CEO. Revenue increased to 157 million in 2009 and the company employs over 650 people in 24 countries. It has over 1.100 partners worldwide. Its user base has expanded to 22,000 customers in 100 countries. The company held an Initial Public Offering
in July 2010.
Business intelligence
Business intelligence mainly refers to computer-based techniques used in identifying, extracting, and analyzing business data, such as sales revenue by products and/or departments, or by associated costs and incomes....
(BI) software company based in Radnor
Radnor, Pennsylvania
Radnor is a wealthy Main Line township. It is an unincorporated community in Radnor Township of Delaware County and Tredyffrin Township of Chester County in the U.S. state of Pennsylvania. It lies near the communities of Villanova and St...
, Pennsylvania
Pennsylvania
The Commonwealth of Pennsylvania is a U.S. state that is located in the Northeastern and Mid-Atlantic regions of the United States. The state borders Delaware and Maryland to the south, West Virginia to the southwest, Ohio to the west, New York and Ontario, Canada, to the north, and New Jersey to...
. QlikTech is the provider of QlikView, a business intelligence solution that delivers enterprise-class analytics and search. Its in-memory associative search technology makes calculations in real-time, enabling business professionals to gain insight through intuitive data exploration. QlikView can be deployed on premise, in the cloud
Cloud computing
Cloud computing is the delivery of computing as a service rather than a product, whereby shared resources, software, and information are provided to computers and other devices as a utility over a network ....
, or on a laptop or mobile device for a single user to a large global enterprise.
History
QlikTech was established in SwedenSweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....
in 1993. The company was founded by Björn Berg and Staffan Gestrelius to create software that mimics the way the brain works, ensuring an intuitive user experience. Their PC-based desktop tool was called QuikView. “Quik” stood for “Quality, Understanding, Interaction, Knowledge.”
QuikView accessed information from standard database applications and displayed data associatively. Berg developed a color-coding system using highlighting: selected values are highlighted green, linked values are highlighted in white, and excluded values are highlighted in grey. Lead software engineer Håkan Wolgé and Berg believed that this software could run entirely in memory. In 1996, the application was named QlikView to emphasize its ability to provide detailed data analysis with a single click. Jonas Nachmanson, QlikTech’s CTO who served as its technology and R&D lead in the early days, played a significant role in mapping customer and prospect requirements to the application and ensuring it integrated into their systems. By 1999, QlikView was successfully deployed at various companies, among them Tetra Pak
Tetra Pak
Tetra Pak is a multinational food processing and packaging company of Swedish origin. It was founded in 1951 in Lund, Sweden, by Ruben Rausing. It was Erik Wallenberg who invented the tetrahedral package, today known as Tetra Classic...
and AstraZeneca
AstraZeneca
AstraZeneca plc is a global pharmaceutical and biologics company headquartered in London, United Kingdom. It is the world's seventh-largest pharmaceutical company measured by revenues and has operations in over 100 countries...
.
Måns Hultman became CEO in 2000 and Lars Bjork became CFO. The company focused on the area of Business Intelligence (BI), growing from 35 employees in 1999 to 70 in 2003. At that point, QlikTech needed more capital and a broader vision to continue its growth. To that end, QlikTech selected a syndicate consisting of venture capital firms Accel Partners
Accel Partners
Accel Partners is a global venture and growth equity firm funding companies from inception through the growth stage.The firm is based in Palo Alto, California with major offices in Bangalore, Beijing, London, and Shanghai....
and Jerusalem Venture Partners
Jerusalem Venture Partners
Jerusalem Venture Partners is an Israeli-based venture capital firm, with offices in the JVP Media Quarter in Jerusalem and in New York City.-History:...
, and raised $12.5 million in capital. Bruce Golden of Accel Partners, Erel Margalit of JVP, Alex Ott of Cross Continental Ventures and Paul Wahl, formerly of SAP
SAP
The abbreviation SAP may refer to:*Special Assistance Plan, an academic programme in Singapore*Statutory accounting principles*Self-avoiding polygon, a mathematical object of geometry-Biology and Chemistry:...
and Siebel
Siebel
Siebel, originally Flugzeugbau Halle, was a German aircraft manufacturer founded in 1937 in Halle an der Saale. It was revived as Siebelwerke in 1948. In 1952, it merged with ATG to form Siebelwerke-ATG Gmbh...
, all remain on the QlikTech Board.
By 2005, the software evolved from a single-user desktop tool to a server- and Java-based Web tool. Its calculation engine was now able to handle larger data sets. QlikTech went on to establish partnerships with Intel and HP, and incorporated advanced charts and colors in their UI. All of these factors contributed to QlikTech gaining larger customers including global shipping and logistics management leader DB Schenker
DB Schenker
DB Schenker is a logistics company, a wholly owned subsidiary of Deutsche Bahn AG. The company, created by reorganisation and rebranding of various Deutsche Bahn subsidiaries, comprises a logistics division encompassing air, land and sea freight, and a rail division made up from a variety of...
, Life Sciences CRM company Dendrite
Cegedim
Cegedim is a global software company headquartered in France, which specializes in CRM, health care and health insurance software. The company was established in 1969 by a group of pharmaceutical companies wishing to share research resources and expertise. Cegedim is the market leader in CRM and...
, telecommunications giant Ericsson, and the Swedish Post.
QlikView’s analytical capacities and speed were bolstered by major advances in its core technologies. QlikView developed to the point where it could handle billions of rows of data. Today, companies such as Best Buy, Campbell’s Soup, Canon, ING, Gen-Probe, National Health service, Panasonic, Qualcomm, and Shell are QlikView customers.
In 2007, Lars Bjork became QlikTech’s CEO. Revenue increased to 157 million in 2009 and the company employs over 650 people in 24 countries. It has over 1.100 partners worldwide. Its user base has expanded to 22,000 customers in 100 countries. The company held an Initial Public Offering
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
in July 2010.